The Adani Group has acquired a 30% stake in Trainman, a train aggregator platform, for Rs 3.56 crore. The deal was announced on Saturday, July 8, 2023. Trainman is a popular app that allows users to book train tickets, check PNR status, and get real-time updates on train schedules. The app has over 1 million users and has processed over 10 million train bookings. The Adani Group is a diversified conglomerate with interests in the energy, infrastructure, and logistics sectors. The group's investment in Trainman is seen as a way to expand its presence in the travel and transportation sector. Adani Enterprises reported in a filing with the stock exchange on Saturday that Adani Digital Labs Pvt Ltd, a wholly-owned subsidiary, had paid Rs 3.56 crore to acquire a 29.81 percent ownership in SEPL.During the fiscal year 2022–23 (April 2022–March 2023) SEPL generated a revenue of 4.51 crore.

Key Points

• The Adani Group has acquired a 30% stake in Trainman, a train aggregator platform, for Rs 3.56 crore.

• The deal was announced on Saturday, July 8, 2023.